Boil the vinegar untill reduced by half.
Boil a large pan of water, then reduce to a simmer and place a large bowl on top to create a double boiler.
Using a large balloon whisk, beat together the yolks, reduced wine vinegar and water.
Beat vigorously until the mixture forms foam, but make sure that it doesn’t get too hot.
The aim is to achieve a golden, airy foam (called a sabayon), which forms ribbons when the whisk is lifted.
Slowly add the melted butter while whisking.
Continue whisking over low heat until all the butter is incorporated and you have a texture as thick as mayonnaise.
Finally, whisk in lemon juice, salt and chives to taste.